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KKR, PAG Buying Sapporo Real Estate from Sapporo Holdings
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KKR, PAG Buying Sapporo Real Estate from Sapporo Holdings
Funds managed by KKR and Asian alternative investment firm PAG have agreed to acquire Sapporo Real Estate Co., Ltd. (SRE) from Sapporo Holdings Limited, with New York-based KKR investing primarily through its Asia real estate strategy. Terms were not disclosed. The acquisition will close in stages over three years, with the acquisition of the first tranche, representing a 51% stake, expected to close on June 1. The plan is to facilitate a smooth…
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